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28 ABC Mining Company paid $200,000 to purchase a mine with 100.000 tons of coal reserves. The company extracted 12.000 tons of coal in Year

image text in transcribed 28 ABC Mining Company paid $200,000 to purchase a mine with 100.000 tons of coal reserves. The company extracted 12.000 tons of coal in Year 1 and 38.000 tons in Year 2. What is the Year 1 Depletion Expense? O $100,000 O None of these. O $48,000 $24,000 Previous esc tab " 1 2 caps lock shift fn Q A W E R T Y U S N 2 ' 9 - D F GH J X C V B N M H control option command

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